Herbal Supplements Market Size Expected To Exceed USD 8.5 Billion By 2025
Posted by Neha Bora on February 7th, 2020
San Francisco, 7 February 2020: The Report Herbal Supplements Market Size, Share & Trends Analysis Report By Product (Turmeric, Echinacea), By Formulation (Capsules, Powder and Granules), By Consumer (Pregnant Women, Adults), And Segment Forecasts, 2018 – 2025
The global herbal supplements market size is expected to reach USD 8.5 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 6.2% over the forecast period (from 2018 to 2025). Growing geriatric population and awareness regarding preventive healthcare are expected to be the key factors driving the market. Rising healthcare expenditure is also likely to augment the market growth. Easy availability of herbal supplements owing to various strategies, such as direct selling and bundled offerings, adopted by companies will also support market growth.
Increasing awareness regarding the benefits associated with the consumption of herbal supplements is also likely to have a positive impact on the product demand. Manufacturers are focusing on product placement strategies to increase their sale across all consumer groups. For instance, the advertisements targeting children segment are focused on endorsing the use of supplements for nutritional values for healthy growth. According to the article cited by NCBI in 2013, nearly 80% of the global population relies on herbal supplements as part of primary healthcare. Thus, increasing acceptance of natural therapies and products is also propelling the market growth.
Access Research Report of Herbal Supplements Market @ www.grandviewresearch.com/industry-analysis/herbal-supplements-market
Further key findings from the study suggest:
Grand View Research has segmented the global herbal supplements market on the basis of product, formulation, consumer, and region:
Herbal Supplements Product Outlook (Revenue, USD Million, 2014 - 2025)
Herbal Supplements Formulation Outlook (Revenue, USD Million, 2014 - 2025)
Herbal Supplements Consumer Outlook (Revenue, USD Million, 2014 - 2025)
Herbal Supplements Regional Outlook (Revenue, USD Million, 2014 - 2025)
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About the AuthorNeha Bora
Joined: September 16th, 2019
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